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![PCITs S.263 action invalid as It Constitutes an Impermissible Second Opinion: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-PCIT-Principal-Commissioner-of-Income-Tax-Section-263-TAT-news-TAXSCAN.jpg "PCITs S.263 action invalid as It Constitutes an Impermissible Second Opinion: ITAT allows Appeal [Read Order]")
PCIT's S.263 action invalid as It Constitutes an Impermissible Second Opinion: ITAT allows Appeal [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) ruled that the Principal Commissioner of Income Tax's (PCIT) action under Section 263 was...
![Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-paid-convertible-debentures-interest-equity-expenditure-ITAT-taxscan.jpg "Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]")